Originally Posted by daraknor

IB's don't pay MT4 licenses, and neither do white labels. (White Labels are glorified IB operating under their own name.)

The technical and legal connection between FXDD and Tradition Group is very solid, and it is very well structured for tax and liability purposes. There is a lot of clout behind FXDD, and they are by no means at risk of bankruptcy. The question was: do they have capital? The answer is yes. They sponsor the trading competition too. FXDD is no small player, they used to have IBFX as a whitelabel. (IBFX used FXDD to execute trades.) Later IBFX switched to FXLQ, and now they need to pay their own license fees.

A community effort to sign up under an IB costs the traders nothing, the proceeds come out of the broker's spread. The broker's spread is now going away with the new laws. So will most leverage and small lot sizes. I'm writing senators who recently switched sides supporting the bill but obviously haven't read the 700+ page monstrosity.